"Tesla's executive team is in full lobbying mode in the run-up to the November 6th annual shareholder meeting, urging shareholders to approve their proposal to make Musk, already one of the world's richest people, even more unfathomably wealthy. If they don't, they are warning that he could leave the company for greener pastures."
"Without Elon, Tesla could lose significant value, as our company may no longer be valued for what we aim to become: a transformative force reimagining the fundamental building blocks of mobility, energy and labor, with products such as FSD and Optimus, and working to better humanity in the process,"
"It was essentially, beat for beat, the same argument she made last year, when shareholders were being pressured to approve a $55 billion pay package for Musk. At the time, it was the largest compensation package ever considered for a CEO - one, of course, that has since been dwarfed by the current payday proposal."
Tesla's board is pressuring shareholders to approve an unprecedented $1 trillion pay package for Elon Musk, warning that his departure would significantly reduce company value. The executive team is actively lobbying ahead of the November 6 shareholder meeting to secure approval, arguing that Musk's leadership is critical to Tesla's transformative goals in mobility, energy, and labor. The board repeats the same leverage used during last year's $55 billion compensation vote, which shareholders approved. The board emphasizes products such as FSD and Optimus as central to future valuation and strategic ambition.
Read at The Verge
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